CZY

Greg Myers, CEO and President of Caza Gold Corp. (TSX
VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6), announces results from the 2012
mapping and sampling program in the Balleza-Cienega area of the Moris Project in
Chihuahua, Mexico. Several new gold and silver targets were identified,
extending previously known low-grade bulk mineable zones and higher grade veins.
Several new areas of vein stockworks, and disseminated gold mineralization were
identified during the mapping program.


The Balleza zone, which was drilled in 2011, hosts low grade gold mineralization
in a strongly silicified and stockwork veined dacitic dike and the overlying
volcanic tuff and agglomerate. Mineralization occurs near the transition from
the Lower Volcanic Series andesitic volcanics to the Upper Volcanic Series
rhyolitic volcanics and is spatially related to dacitic dikes, very similar
geologically to the Dolores Mine 80 km to the north. Mineralization with
silicification has now been identified in outcrop over an area that is up to 1.4
kilometers (km) long and 350 meters (m) wide. The newly discovered Thalia zone
at the southern end of the Balleza zone extends the previously known
mineralization. 


The 2011, drilling program completed 12 holes which tested a 300 m long portion
of this 1400 m long zone and identified a flat-lying mineralized horizon which
is approximately 100 m in true thickness beginning at the surface. This
mineralized zone is up to 350 meters wide. The 300 m long zone, which was drill
tested, potentially hosts 8 to 12 million tonnes based on drill assays,
rectified geologic cross-sections, surface rock chip assays, and three
dimensional modeling. Gold assays from the drill core ranged from 0.3 grams per
tonne (gpt) gold up to 0.7 gpt gold using a nominal 0.1 gpt gold cutoff and
included short intervals of waste. The simple weighted average of all drill
holes above the 0.1 gpt cutoff is 0.52 gpt gold. Silver values are low overall
in this area and range from 2 to 35 gpt. This geologic interpretation is not an
NI 43-101 compliant reserve or resource. The potential quantity and grade is
conceptual in nature and there has been insufficient exploration to define a
mineral resource. It is uncertain if further exploration will result in the
discovery of a mineral resource. 


Follow this link to view maps, drill hole cross-sections, and tables of drilling
and surface rock chip assay results:
http://www.cazagold.com/projects/mexico/balleza/


In addition to the Balleza low grade zone, multiple gold and silver bearing vein
targets have been mapped along the 7 km long, north-south trending, mineralized
structure zone. The Cusi and Relampago areas just to the south of the Balleza
zone contain zones of quartz veins, stockwork veins, and disseminated
mineralization, which contain gold values from nil to 18.5 gpt and silver values
which range from nil to 1,415 gpt. The Cusi stockwork zone is up to 400 meters
wide and 2 km long and may extend or merge into the Balleza zone. 


Additional mapping and trenching is planned for 2013, along the
Relampago-Cusi-Virginia vein trend and along the Balleza-Thalia trend in order
to further define the extent of mineralization and identify top priority drill
targets for possible drilling in the Fall, subject to financing.


The southern portion of the 7 km long mineralized structural zone requires
additional mapping to determine the extent and potential of multiple, narrow
gold and silver bearing veins. Gold values from nil to 12.8 gpt and silver
values ranging from nil to 2,390 gpt were sampled in the Raton de Oro,
Candelaria, El Pinito, and San Pedro zones. 


Caza continues to evaluate its high sulfidation gold properties and porphyry
copper-gold targets in Nicaragua. The Company is preparing to initiate its 2013
exploration program focused on the Los Andes gold targets and the Piedra Iman
gold-copper project in northern Nicaragua. Plans are to complete an airborne
geophysical program followed by drill testing of coincident geophysical,
geological, and geochemical anomalies, subject to financing.


Caza Gold Corp. (TSX VENTURE:CZY)(OTCQX:CZGDF)(FRANKFURT:CZ6) is a
growth-oriented gold exploration company focused on discovering new gold
deposits in Nicaragua and Mexico. The Company is one of the largest landholders
in the highly prospective but largely undeveloped country of Nicaragua, and
holds attractive properties in historic mining districts in the mineral-rich
country of Mexico. Caza Gold Corp is dedicated to discovering gold, defining
deposits, and developing value.


Greg Myers, Ph.D. P. Geo, CEO of the Company, is the Qualified Person who
reviewed and approved the contents of this News Release.


CAZA GOLD CORP.

Greg Myers, President and CEO

CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute "forward-looking statements"
within the meaning of the United States Private Securities Litigation Reform Act
of 1995. All statements that are not historical facts, including without
limitation statements regarding future estimates, plans, objectives, assumptions
or expectations of future performance, are "forward-looking statements". We
caution you that such "forward-looking statements" involve known and unknown
risks and uncertainties, as discussed in the Company's filings with Canadian and
United States securities agencies. The Company expressly disclaims any
obligation to update any forward-looking statements other than as required by
applicable law. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Caza Gold Corp.
Greg Myers
Toll Free: 1-877-684-9700 or (604) 685-9750
(604) 685-9744 (FAX)
gmyers@cazagold.com
www.cazagold.com

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